Budget and Finance

New in 2024

The Town of Penetanguishene has announced a significant change in its payment methods.  Effective immediately, all payments will solely be made electronically.  This proactive change is part of the Town’s ongoing commitment to security enhancements and efficiency in its financial transactions. The new process will require all Town Vendors to complete Electronic Funds Transfer (EFT) forms.

The Finance Department is responsible for the financial management and general reception for the Town, including Audited Financial Statements and Budget.

Operating and Capital Budgets

The Town's annual budget is developed by staff in consideration of Council's direction. Public consultations are typically held during the budget process. Council typically approves the budget in December of each year ensuring an approved budget is in place for the start of the new year.

DC Background Study 

The Town of Penetanguishene 2024 Development Charges (DC) Background Study is presented as part of the process to lead to the approval of a new DC by-law in compliance with the Development Charges Act, 1997 (DCA). The study is prepared in accordance with the DCA and associated Regulation, including amendments that came into force on January 1, 2016, June 6, 2019, January 1, 2023 and September 17, 2023.

The Town provides a wide range of services to the community it serves and has an extensive inventory of facilities, land, infrastructure, vehicles and equipment. The DCA provides municipalities with flexibility to define services that will be included in development charge by-laws, provided that the other provisions of the Act and its associated regulations are met. The DCA also requires that the by-law designates the areas within which the by-law shall be imposed. The development charges may apply to all lands in the Town.

Past Budget Years

If you would like to obtain copies of Budget reports for any years not listed here, please contact the Finance Department.

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